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Absolute NNN Lease Investment 1028 Bypass N

3,888 SF Retail Building Lawrenceburg, KY 40342 $2,751,960 CAD ($708 CAD/SF) 7.16% Cap Rate

Restaurants Kentucky Lawrenceburg 1028 Bypass N, Lawrenceburg, KY 40342

Investment Highlights

  • NEW PRICE!
  • If closing occurs by March 31, 2025, the total remaining rents would be +/-$997,000
  • Existing lease and sublease expires 4/20/32
  • +/-3,886 SF freestanding restaurant with drive-thru situated on +/-1.32 AC; Outparcel to a Walmart anchored shopping center
  • Currently subleased to Sakura 16 Japanese Restaurant
  • Located +/-24 miles from Lexington and +/-53 miles from Louisville

Executive Summary

NAI Isaac is pleased to present an absolute NNN lease investment opportunity in Lawrenceburg. Outparcel to a Walmart anchored shopping center, a +/-3,886 SF freestanding restaurant with drive-thru situated on +/-1.32 AC. If closing occurs by March 31, 2025, the total remaining rents would be +/-$997,000. Currently subleased to Sakura 16 Japanese Restaurant. Existing lease and sublease expires 4/20/32. New developments adjacent to the property include Thoroughbred Express Carwash and Arby's.

Attachments

1028_Bypass_N__Lawrenceburg

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,888 SF
Building Class
B
Year Built
2017
Price
$2,751,960 CAD
Price Per SF
$708 CAD
Cap Rate
7.16%
NOI
$197,091 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.32 AC
Zoning
B-1 - Commercial
Frontage
220 ft on Bypass North

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Drive Thru
  • Air Conditioning

Links

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Nearby Major Retailers

Huddle House
WesBanco

PROPERTY TAXES

Parcel Number 49-61-07-003 Improvements Assessment $2,197,233 CAD
Land Assessment $359,025 CAD Total Assessment $2,556,258 CAD

PROPERTY TAXES

Parcel Number
49-61-07-003
Land Assessment
$359,025 CAD
Improvements Assessment
$2,197,233 CAD
Total Assessment
$2,556,258 CAD
(859) 422-4403

Contacts

  • Listing ID: 32323504

  • Date on Market: 2024-07-02

  • Last Updated:

  • Address: 1028 Bypass N, Lawrenceburg, KY 40342

The Retail Property at 1028 Bypass N, Lawrenceburg, KY 40342 is currently available for sale. Contact NAI Isaac Commercial Properties for more information.

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Absolute NNN Lease Investment | 1028 Bypass N
(859) 422-4403 x

Absolute NNN Lease Investment | 1028 Bypass N

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Bruce Isaac

(859) 422-4403

(859) 422-4403

Jim Kemper

(859) 806-4407

(859) 806-4407

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